HPQ Silicon closes $3.0 million private placement

HPQ Silicon Inc. (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08) completed a non-brokered private placement raising $3.0 million CAD, the company announced March 2.

The Montreal-based advanced materials technology company sold 18,181,819 units at $0.165 CAD per unit. Each unit consists of one common share and one warrant exercisable at $0.25 CAD for 24 months from closing. All units were purchased by an investor outside Canada.

HPQ will pay a cash finder's fee of $180,000 and issue 1,090,909 non-transferable warrants to the finder. Each finder warrant allows purchase of one common share at $0.25 per share for 24 months from closing.

The company plans to use proceeds for general working capital, accelerating its silicon-based battery material pilot plant project announced September 11, 2025, and continuing development of hydrogen-based projects.

HPQ develops processes for producing high-purity silicon and silica used in energy storage, electronics, and industrial applications. The company partners with Novacium on silicon-based anode materials for batteries and holds exclusive North American rights for clean-hydrogen and waste-to-energy technologies.

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